Wynn Resorts to get up to $1.85 billion of credit facilities

By Sara Rosenberg

New York, Sept. 11 – Wynn Resorts Finance LLC plans on getting up to $1.85 billion of senior secured credit facilities, according to a news release.

The facilities consist of an up to $850 million revolver and an up to $1 billion term loan A.

Proceeds will be used to help refinance the existing credit facilities of Wynn Resorts and Wynn America LLC and to pay related fees and expenses.

Other funds for the transaction will come from $750 million of senior notes.

Wynn Resorts is a Las Vegas-based developer, owner and operator of destination casino resorts.

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